Registration of new loans In 2017, it was estimated Borosil had captured 60 percent market share in both laboratory glassware and microwavable kitchenware segments.

We don’t limit ourselves only to a homemaker.

He also maintains that with the rise in awareness of health and safety due to COVID-19, Borosil has a natural advantage.

Declaration of Solvency It is inolved in Manufacture of furniture. Having studied finance and entrepreneurship at the Wharton School of Business, Shreevar was determined to solve this crisis.

A low-cost manufacturing approach allowed Mumbai-based family business Borosil to diversify beyond its laboratory glassware products. Its solar glass division Gujarat Borosil Ltd (GBL) is the first and only manufacturer of solar glass in India, he claims. Until 1988, Corning was the majority shareholder. Company History - Borosil Renewables Ltd. YEAR EVENTS 1962 - The Company was Incorporated on 14th December at Mumbai mainly to acquire the undertaking of … By purchasing this Lawsuit Report, you agree to our Terms & Conditions governing usage and limitaions of this report. Following the merger, for which it has received the necessary statutory approvals, the promoters' holding in Gujarat Borosil Ltd. will come down to 70.5 percent from 74.95 percent now, the group said in a statement on Wednesday.

(Source: Borosil’s official Facebook page), Missing BloombergQuint's WhatsApp service? Just click on the 'Update Information' button below to start the process. The name was inspired by borosilicate glass, the company’s main product category. We make no warranties about accuracy of industrial classification. Gujarat Borosil is the sole manufacturer and marketer of solar glass and is a publicly listed company with a revenue Rs 216.76 crore and an operating profit of Rs 45.36 crore, while Fennel Investment & Finance is an non-banking financial company owned by the group. The Borosil group has seven manufacturing facilities located in Jaipur, Bharuch, Tarapur, Naashik and Pune. Contact Info D. Haridas And Company 37 / 297, Maharshinagar, Near Zambre Palace, Opposite Maharshi Sarvajanik Ganesh Utsav Mandal, Pune 411037, Maharashtra, India The proceeds helped pay off debts and also infused much-needed capital in our business,” Shreevar explains. Borosil Ltd., incorporated in the year 2010, is a Large Cap company (having a market cap of Rs 1629.91 Crore) operating in General sector. The resultant structure will separate the ownership of the solar glass business from the consumer and scientific ware business completely. MCA Club, Bandra Kurla Complex, Bandra (East) Mumbai Mumbai City MH 400051 IN, 1101, CRESCENZO,G-BLOCK, OPP. Despite being a traditional brick-and-mortar company for the most part of its lifespan, Borosil claims to be among the first in its industry to build its own ecommerce platform - www.myborosil.com. MCA Club,Bandra Kurla Complex, Band ra (East) Mumbai Mumbai City MH 400051 IN, Parinee Crescenzo, 11th Floor, 1102, "G" Block, Plot No.C-38 & C-39,Bandra Kurla Complex,Bandra E Mumbai Mumbai City MH 400051 IN, Naman Centre,7th Floor, Opp. The company spotted the opportunity in this segment quite early and commissioned the solar glass manufacturing facility at Bharuch in Indian State of Gujarat in January 2010. Shreevar Kheruka, Chief Executive Officer of Borosil, said the merger will unlock value for shareholders as it will eliminate cross holdings. Its authorized share capital is Rs. Change of Address It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Click here to see other companies involved in same activity. Borosil Glass Works currently houses the leading kitchen and dining ware business under the brand name Borosil, a market leader that boasts of a legacy of high-quality microwaveable kitchen and table ware.
All e-mails from the system will be sent to this address. The company spotted the opportunity in this segment quite early and commissioned the solar glass manufacturing facility at Bharuch in Indian State of Gujarat in January 2010. Change of directors How this family-run business makes Rs 180 Cr revenue: the story of Vinod Cookware, Search for what you want, categories, tags, keywords, authors, events, anything under YourStory, Thinking like a startup, IHCL and its chain of Taj hotels reimagined business to mitigate COVID-19 impact, How this entrepreneur scaled from selling Ayurvedic products door-to-door to making Rs 12 Cr annual turnover, 5 fintech platforms helping small businesses stock up this festive season, How SMEs are reducing their business costs and increasing efficiency with technology, Google's Caesar Sengupta on shaping the digital narrative; Entrepreneurs discuss key traits for founders, These 4 air-purifier manufacturers are helping people breathe amid declining air quality, Paytm to disburse Rs 1,000 crore MSME loans by March 2021, How these businesses are promoting health and well-being amidst COVID-19, and other top SMB Stories of the week, This ‘Made in India’ D2C footwear brand crossed Rs 1 Cr monthly revenue in just 7 months by selling flip flops online. Its Scientific and Industrial Products (SIP) division sells laboratory glassware, instruments, disposable plastics, liquid handling systems and explosion proof lighting glassware through its network of 150 dealers across the country. Application for Conversion of Public Company into Private Company “Customers of this product include leading solar module manufacturing companies worldwide. Shop online Borosil Limited is a Public incorporated on 25 November 2010.


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